Beware of Scammers Who Use AI to Steal Real Estate!

Real Estate News: Real Estate Investing Podcast

With the help of artificial intelligence, there's a new wild, wild west on the internet, where scammers are pretty much free to pick your pocket. Security experts are warning people that you can be scammed out of money or even real estate by deepfake audio or video clips. And there aren’t a lot of safeguards in place right now.

The technology is evolving more quickly than security experts can design or implement safeguards. As reported by Bigger Pockets, scammers orchestrated a $25 million dollar heist by impersonating the CEO of a multinational company. Hong Kong authorities say the money was transferred by an employee after a video conference call with who he thought was the CEO, but wasn’t...

...AI fraud can certainly turn your world upside down, but using AI in constructive ways could lead to much greater success in whatever you are trying to accomplish.

That’s it for this episode You can read more about these stories by following links in the show notes at newsforinvestors.com. While you're there, check our our upcoming Investors Summit Live Event on May 4th. And please remember to subscribe to this podcast, and leave a review! You can also stay connected with RealWealth by signing up for a free membership. You’ll find hundreds of webinars and articles on our website about single-family rental markets along with referrals to highly recommended professionals who can help you expand your portfolio. That’s at newsforinvestors.com. Links: https://www.biggerpockets.com/blog/ai-deepfakes-are-being-used-to-scam-investors-out-of-millions?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%203/31/24